Asian legislators await international clarity on OTC and FX regulation

james-kemp-afme

As foreign exchange market participants count the days until the deadline for the implementation of the US Dodd-Frank Act in July and await further clarity on the European Union's derivatives reforms, both the timeline and scope of new rules in Asia are less clear.

The Group of 20 leading economies signed commitments in 2009 to trade all standardised over-the-counter derivatives on exchanges or electronic platforms, where appropriate, and to clear them through central counterparties (CCPs) by

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